Sunday, February 16, 2014

The Tale Of Two Monkeys Who Wanted To Buy All Of The Trees In The Forest

**This is the second of 2 monkey stories I've written so far, and there are more on the way... the first was "The Story of the Monkey With The Banappelopes"**


Once upon a time there were two monkeys named Teapot and Hammer.  




Teapot and Hammer had the same parents and grew up neither poor nor rich.   

Teapot and Hammer's parents lived very simply and saved up all of the bananas they could, to help their kids.

Teapot and Hammer's parents loved both of them very much, and would often have both of them over for a lunch of banana sandwiches.

Teapot went to Monkey University, in the middle of the forest, to learn about how to protect the forest and keep the forest healthy.  This subject of study was called Forest Conservation Biology.

It cost a lot of bananas to rent an apartment in a tree near the middle of the forest, and this was where the university and a lot of good jobs were.  So Teapot's parents used a bunch of the bananas they saved up to help Teapot buy an apartment in a big tree in the middle of the forest.

Teapot graduated from Monkey University and got a very good job working for a Forest Conservation Company. 

Teapot liked this job very much at first. But Teapot soon realized that the older monkeys that Teapot was working for seemed to be more concerned about how they would pay for their kids to go to Monkey University, than they were about protecting their forest!  

The older monkeys that Teapot worked for seemed to spend a lot of their day pushing papers around on their desks and talking about whether their kids should become doctors or lawyers.

Teapot went from being excited and keen with its conservation job to spending a lot of time staring out of its office window.  Teapot would stare out the window and daydream about how it could just live in a big tree with enough fruit to eat so as not to have to work for any other monkeys.

Teapot read the Monkey Daily Newspaper every morning and noticed that lots of monkeys seemed to want to move to where Teapot's apartment was.  Apartments in the part of the forest where Teapot lived were becoming quite expensive.

"Hmmm..."  thought Teapot, as it read the newspaper.  "My apartment is sure worth a lot of bananas!"

Teapot also noticed that there were some very big trees for sale at the edge of the forest that didn't cost many bananas at all!  There weren't many jobs for monkeys in those parts of the forest, but with the bananas that Teapot's apartment was worth Teapot could buy a very big tree!

Teapot found a website called "Monkeyspoint" on the internet.  "Monkeyspoint" was a website where all the monkeys in the forest would advertise any trees and apartments that they had for sale.  Teapot started to look at very big trees, in places where big trees didn't cost too many bananas.  Teapot would daydream about how nice it would be to live in a tree in such a place.  

Teapot would never divide a big tree like that up into apartments, it would just live there peacefully.  Teapot didn't need much to be happy, just a few bananas and maybe the odd banappleloupe.   It would protect the tree from development, just like it learned to do at Monkey University where Teapot studied conservation biology.

Teapot told its parents about its idea.

"Ooook." Said Teapot's parents, thoughtfully.  "That is a nice idea.  We always lived very simply.  Maybe you should go to BMO and ask if they can help you".   

BMO was short for "Bank of Monkeys".

"Aaack Aacck"  agreed Teapot.  And Teapot made an appointment to speak with a Monkey Broker at BMO.  

Monkey Brokers helped monkeys buy trees.

BMO assigned a Monkey Broker to Teapot.  Teapot's Monkey Broker was a Gibbon named Lululemonshirt.

Lululemonshirt told Teapot that the Bank of Monkeys could lend Teapot enough bananas to buy a big tree on the edge of the forest based on what Teapot's apartment was worth.

 "Oook!!" said Teapot, "Well that sounds too good to be true!"

Lululemonshirt explained,  "Aack. It is because there are always a few monkeys around who need places to rent, and because you have a good job, Teapot".

Wow, thought teapot, I wouldn't need to charge monkeys much rent, and then I'll have a nice big tree to move to some day!

Teapot was so excited it began jumping up and down thumping its chest!

"Oook ook, acck acck!" exclaimed Teapot.

Teapot learned that Bank of Monkeys makes it very difficult for a monkey to buy its first tree, or first apartment, but once that monkey owns one apartment or tree, it gets a bit easier to buy more trees to rent out to other monkeys!

In fact, Bank of Monkeys and the Monkey Government who ran the forest made it pretty easy for monkeys with a lot of bananas, or even just a home worth a lot of bananas, to own many trees!

Teapot ended up buying a big tree at the edge of the forest, and was very excited about all of this news.  Teapot couldn't wait to talk to Hammer about all of this over banana sandwiches at their parents' place.

"Oook.  It is very exciting!  Although it doesn't seem fair, Hammer" said Teapot to Hammer, over banana sandwiches at their parents house. 

"Why should I get to own an apartment and a big tree at the edge of the forest to rent out to Monkeys when some Monkeys can't even own one apartment to live in?" asked Teapot. 

"Who cares!" said Hammer.  Hammer picked up 3 banana sandwiches at once and stuffed all of them into its mouth.

"Every Monkey needs a place to live." said Hammer, speaking with its mouth so full of banana sandwiches that globs of banana were flying everywhere.   "I own 250 trees all over the forest.  It is fantastic!  I hire Monkeys to watch the trees for me and I have time to take my pet Meerkats on waterskiing-cruises with me."

It was true.  Hammer now owned 5 purebred, award-winning Meerkats that Hammer took with it everywhere that Hammer went.




"Yip Yip Yip Yip Yip." said Hammer's 5 pet Meerkats in agreement.  

Hammer didn't go anywhere without its Meerkats.

Pet Meerkats and waterskiing cruises were something that only the richest Monkeys in the forest could afford.  Hammer had always felt put out that their parents weren't very rich.

Eventhough Hammer and Teapot grew up in a modest home, Hammer wanted nothing but the best of the best.  Hammer wanted to live in a giant tree-mansion with a gardener, housekeeper and Meerkat trainer.  Hammer's tree-mansion had the very best in finishings.  

Besides water-skiing cruises, Hammer wanted to go to the Monkey Opera House as often as possible, and eat Roast Banappelope Supreme every night at Chateux Lemur Bistro.

It never made much sense to Teapot.

Teapot asked Hammer: "Don't you ever feel bad, that you're going on all these fancy waterskiing-cruises and having Roast Banappelope Supreme every night at Chateux Lemur Bistro while the monkeys who rent from you are working 2 jobs each to pay their rent, and living on Macaroni and Fleas?"

"OOOK..."  said Hammer, flaring its nostrils.  "Why should I feel bad? If Monkeys don't want to rent from me, then they can move someplace else! Anyways, Teapot, thank you for reminding me, I need to raise everybody's rent.  I'm going to put my darling Meerkats into finishing school and it costs 30,000 bananas per year per Meerkat.  That's a lot of bananas!  150,000 per year to be exact!  So everyone's rent needs to go up right away!"

"Yip Yip Yip Yip Yip" yipped Hammer's Meerkats in agreement.

"Acck acck, Move WHERE?" asked Teapot,  "you own so many of the trees for rent in the forest, and you charge so much rent how are monkeys ever supposed to save up to buy their own tree?"

"THAT IS NOT MY PROBLEM" yelled Hammer.  Hammer was getting so upset by Teapot's questions that Hammer took a poop right into its hand and flung it at Teapot's head.

"If my lazy tenants can't make their rent then they should all go get other jobs!" said Hammer, pounding its fist on the table.  "OOK OOK AACK ACCK!" exclaimed Hammer, jumping up and down and thumping its chest.

Hammer's 5 Meerkats squealed in agreement. "Yip Yip Yip Yip Yip!!"  they said.

"What other jobs?"  "Don't you also charge such high rent to all sorts of monkey-businesses such that monkeys with monkey-businesses can't afford to hire helpers? Or if they can, to they can't afford to pay their helpers very much?" 

Hammer ignored Teapot's question. 

"You don't know what you're talking about, Teapot!" said Hammer.  "I give LOTS of bananas to charity.  Every year I spend 100 bananas to go to the big fundraiser put on by the "Treehouses for All Monkeys" group.  Lots of rich monkeys like me go to that party, and with all the bananas that are raised, one lucky Monkey family per year gets a treehouse built for them!  This year I even bought a raffle ticket to win a water-skiing cruise and I DIDN'T EVEN WIN!!!"

Hammer was so excited that it grabbed 5 more banana sandwiches off of the tray and swallowed them whole. 

"Hammer," said Teapot, "did you ever stop to think that maybe that charity wouldn't be necessary if all the rich monkeys who go to the fundraiser would just charge lower rent?"

Hammer ate 3 more banana sandwiches, rolled its eyes, and said "Pffffft".

"Anyways, Teapot, you don't know about renting trees to monkeys."  Said Hammer.  "Some can be filthy.  They smash up my trees and fling their poop around and that's why rent must be expensive.  Not only that I like to go to the Monkey Opera House and watching opera is expensive.   And I need to go on water-skiing cruises to relax.  So I have to charge more rent."  said Hammer, nodding and smiling a smug smile.

"But Hammer, maybe these monkeys are frustrated because of the way things are.  Don't you remember when you had to rent a place? We aren't from a rich family you know."  said Teapot.

"No." Said Hammer.  "I don't remember.  And this conversation is OVER."


"Come on, Meerkats, we are so out of here!" Hammer barked at its meerkats.

"Yip Yip Yip Yip Yip!" said Hammer's Meerkats, gathering around Hammer.


Then Hammer snatched up the rest of the banana sandwiches on the table, stuffed them all into its mouth and stomped out of their parents home, with its Meerkats following behind.

This luncheon with Hammer gave Teapot a lot to think about. 

A lot of what Hammer had to say just didn't seem right, or fair, to Teapot.

One day, while Teapot was staring out the window at home, thinking about the things Hammer had said, a little bird flew up to Teapot.  The little bird said, "Teapot, you're pretty smart why don't you figure out how to buy a bunch of trees like Hammer did?  Maybe you could charge less rent to Monkeys and even help them own their own trees, if that's what they would prefer".

"That is an excellent idea!" said Teapot to the little bird.  "Thank you, little bird!"

The next day Teapot went to Lululemonshirt's office.

"Lululemonshirt!"  said Teapot to the gibbon "Please, Please can you help me buy more trees?"

Lululemonshirt was very happy to help Teapot buy more trees, because everytime Teapot would buy a tree, Lululemonshirt would get a big basket of bananas as a bonus payment!  And Lululemonshirt had kids to feed so it wanted all the bananas it could get!

It turned out that, because of Teapot's job, and the value of the apartment and the value of the tree that Teapot owned already, Teapot could buy more trees! 

Knowing this, Teapot went home to look in the internet for more trees that it could buy.

The little bird would sit on Teapot's shoulder and they would both look at all the trees for sale on the Monkeyspoint website.  

In time Teapot got better at spotting which trees would go up in value, and which ones they could rent out for prices lower than Hammer would.

Teapot even met some very nice "tradesmonkeys" who knew different, useful trades! 

There was an electrician, a plumber and a carpenter, who would help Teapot by fixing up some of the cheaper trees that needed work, for a fair price.  

The tradesmonkeys liked helping Teapot because creating affordable treehouses for all sorts of nice monkeys was a lot more fun than doing other jobs!  Other jobs that they didn't like included building a 'Meerkat Gazebo', a 'Salt-Water Meerkat Wading Pond', and a 'Meerkat Ice Dancing Rink' for Hammer's tree-mansion.  

Teapot was much nicer to the tradesmonkeys than Hammer was.

Teapot realized that it could ask the monkeys that it was collecting rent from for their help.

"Listen:" Teapot would tell monkeys who might want to rent a tree from Teapot...

"The little bird and I are trying to build a Monkey Business that helps monkeys, so we're giving you the best rent we can afford to.  In return you can help us by not trashing our trees and by not leaving your poop everywhere when you move out.  You can also help us by giving us as much notice as possible when you move out so our trees aren't sitting vacant.

Hopefully over time we won't have to raise our rents and our trees will seem quite reasonable. Most of the bananas we collect from you goes to the Bank of Monkeys, the Monkey government.  

We don't go on waterskiing-cruises or have any pet Meerkats to put through finishing schools that cost 30,000 bananas per Meerkat per year.

All we need to get by is a few bananas to eat.  All we want is our freedom and to try to protect this forest, after all, that is what I went to Monkey University for.  Help us, and hopefully fewer monkeys will need to rent trees from Hammer.  Hopefully then we can start helping monkeys to own their own trees, if that is what they want."

The monkeys respected Teapot and the little bird for what they were trying to do, and bit by bit they were able to buy a few more trees.

Teapot was able to quit its job, rent out its apartment, and move to its big tree at the edge of the forest.  Teapot was so happy there! 

While building its own Monkey Business, Teapot didn't adopt pet Meerkats or go on water-skiing cruises.  The homes that Teapot and the little bird created for other monkeys were in much better shape than the home Teapot lived in, but Teapot was just so grateful not to have to work for anyone else that it did not mind at all.

"All I need is a few bananas to eat and a tree to sleep in" Teapot would say.  Teapot appreciated all of the monkeys who paid rent to live in its trees, and Teapot never took its freedom for granted.

Teapot and the Little Bird did like the internet though, and they would watch cheerful movies about Humans such as "It's A Wonderful Life". 




Eventually, Teapot and the little bird started a proper company! The little bird and Teapot decided to call their company Dreamhouse Properties.
 

In time Teapot was even able to help some of the monkeys that rented trees, buy their own trees if that's what they wanted.  

Not all of the monkeys wanted the responsibility or expense of owning their own tree, though, and that was fine.  

Some monkeys preferred to rent because then they could afford to go on trips and buy other things they liked.  That was fine, as they helped all of the Monkey Businesses where ever they spent their bananas.

As time passed, fewer and fewer monkeys in the forest had to rent from Hammer.  This was because more and more monkeys were able to rent or rent-to-own better homes from Teapot for less bananas than what Hammer would charge.

One day Hammer and Teapot met for another banana sandwich lunch at their parents' house.

"Hammer, you know what, I have more tenants than you do now and I have to say that you aren't any better than any of those monkeys who rent from you.  Just because you go on fancy trips and show your purebred Meerkats at the Meerkat shows.  To be honest I'd say that a lot of those monkeys are much harder working than you are!"

Hammer did not like hearing this at all.  Hammer jumped up and down, thumped its chest and took a poop straight into its hand which it flung at Teapot.

"You don't know what you're talking about!"  said Hammer flaring its nostrils.  "OOOK.  I NEED to go on water-skiing cruises.  I need to eat at fancy restaurants and watch the opera.  It relaxes me.  These things are important for my business!!"

"Then why don't you invite a few of the monkeys that pay rent to you along with you sometime?" said Teapot.  

This last question made Hammer so angry that Hammer started jumping up and down so hard that the tray of banana sandwiches flipped right over onto the floor with a loud CRASH!

"Hammer and Teapot, be quiet and eat your banana sandwiches!" called their parents from the kitchen.

In time, Teapot and the little bird used their Dreamhouse Properties company to buy stores to rent out to all sorts of Monkey Business Owners who used to rent places for their businesses from Hammer.

One of these monkeys was a Gorilla named Cookie.

Cookie owned The Coconut Hut, a small restaurant that sold fried bananas and rented a spot for 31 years in a shopping mall that Hammer owned.  

Hammer told Cookie that Cookie's rent had to double! Hammer wanted to double Cookie's rent from 5000 bananas per month to 10,000 bananas per month! 

"OOOK OOK EEEK AACCCK!!"  Cookie would say when anyone asked it about Hammer.

"OOK!! That Hammer is a very greedy monkey!! I've been selling my fried bananas here for 31 years!  I was selling fried bananas here when Hammer was only a small monkey, before Hammer ever even owned this mall!"  Cookie would say, flaring its nostrils, thumping its chest and jumping up and down.

Cookie was very happy when Teapot offered it a cheaper, better space in a nearby shopping mall.

Cookie opened up a new and improved Coconut Hut in the mall Teapot owned!  There was a grand opening celebration with fried bananas for everyone, and balloons for kids!






Cookie's move to Teapot's mall was a turning point for Dreamhouse Properties.  

The bad treatment that Hammer gave Cookie was covered by all of the Monkey newspapers and television stations.  Soon every monkey in the forest realized how greedy Hammer was.

Suddenly monkeys that had invested their bananas with Hammer wanted to get their bananas back to invest with Teapot instead!  Dreamhouse Properties turned into Dreamhouse Investments!  

All sorts of monkeys invested their money with Teapot in order to make nice, rental homes for all of the monkeys that they knew.  Soon they were able to buy some of Hammer's trees from Hammer and lower every monkey's rent, and give more Monkeys and Monkey Businesses a chance to own their own home or store, if that is what they wanted.

More time passed and eventually Hammer had to start selling off all of its trees to Teapot because no monkey wanted to rent anything from Hammer any more.  

Teapot's Dreamhouse Investment company was so successful that it was able to create good jobs for all sorts of monkeys.  They even built an office building in the middle of the forest!  

Hammer's company was no longer making enough bananas to support the lifestyle that Hammer enjoyed, so Teapot gave Hammer a job mopping floors in the office building for 10 bananas per hour

"This is ridiculous."  Hammer said to Teapot one day while Hammer mopped up the floor.  "We're related. I should get paid more!" 

"10 bananas per hour is minimum wage. That is what many of your tenants were earning so I think it is fair."  said Teapot, in front of a group of monkeys who now worked for Teapot.

The monkeys nodded up and down in agreement.  

One of them said,  "OOK OOOK EEEK ACCK ACCK  Yes, it is fair, Hammer! You were so mean to the monkeys who rented trees from you, you should feel grateful that Teapot even gave you a job at all!"

"AACCK!" agreed another monkey  "How do YOU like it, Hammer? Living on minimum wage!  Imagine if you had to pay high rent, to live in one of your trees, and could only afford to eat Macaroni and Fleas for supper.  That's how I used to live when I rented a tree from you!"

Hammer blubbered and muttered while it mopped the floor. 

"Stupid Job."  sobbed Hammer.  "I can't even afford to show my Meerkats at the Forestminster Grand Meerkat Show or go on waterskiing-cruises or to the Opera House or eat Roast Banappelope Supreme at Chateau Lemur Bistro... ook ook ook."

In time Teapot did go on a waterskiing-cruise! But it was able to book the entire boat and take many of its staff, tenants and tenants kids along for the ride.  

The skipper of the waterskiing-cruise boat gave Teapot a good deal on a cruise, because Teapot had helped the skipper afford its own treehouse!  

Teapot even invited Hammer along because it seemed that Hammer had finally learned a lesson.  Hammer learned that just because Hammer had figured out how to own 250 trees, that didn't make Hammer any better than any of the other monkeys.   

Dreamhouse Investments became such a big success that in time Teapot was able to use some of the bananas the company made to buy big chunks of the forest to set aside for animals like turtles and birds; as well as for conservation of all sorts of plants.  Then all of the monkeys had lots of forest to enjoy, even the ones who lived in apartments.  This made Teapot very happy because after all, this is exactly why Teapot went to Monkey University.

As time went on, Teapot, the little bird, Hammer, Lululemonshirt, the tradesmonkeys, and lots of other monkeys all worked together to make sure that every monkey could afford to live in nice trees, and have good jobs, so that all of the monkeys in the forest lived happily ever after.


The End.







This Week's Favourite Things! Feb 10th - 16th, 2014

Wow I can't believe a week has already passed since I wrote my first "favourite things" list last week!

This week we have:

1. This video: "Clarence" by "This Way to the Egress".  I must say a couple of the folks in this video look and/or sound familiar... but maybe this is just a symptom of getting close to the Egress...



2.   The story of how Canadian speedskater Gilmore Junio gave up his spot in the 1000m race at the Sochi Winter Olympics so that his teammate, Denny Morrison, could have a shot at winning a medal.  He did!  Such a nice story!




3.  Another happy Sochi/Canada story! Sprouts, Chickpea Flatbread, and Red Cabbage Sauerkraut from Gali's Healthy Kitchen.  

Gali Makogon and her daughter Evgenia are both from Sochi Russia; Gali is at the Halifax Seaport Market every Saturday selling her delicious, healthy raw vegan food; Evgenia helps her out.  If you can't wait for Saturday you can buy food from their home too.   I am now addicted to their sprouts, $5/container, this week they were radish. I ate them all before I could take a photo! Living food! So good with sauerkraut and flatbread..  Items of Gali's will end up on my lists again I'm sure as everything she makes is delicious! I copied these pics by Evgenia off Gali's facebook page, I'm sure they won't mind!


sprouted chickpea flatbread
fermented red cabbage sauerkraut, good for your guts

Gali Makogon at her table; all pics by her daughter Evgenia


4.  "Metal Arts Village"  In Tuscon Arizona.  A friend sent me a link to this video which seems to be a cool example of artist live/work spaces.  In this case it seems that one of the metal artists is a lawyer who was able to front the dough to help create a village, providing live/work spaces as well as opportunities to share equipment and collaborate.  Neat idea!

Link to the Arizona Public Media Story that is the source of the video... I took the video off this post as I couldn't figure out how to make it not start automatically every time my blog is clicked on!


5.  Geronimo Stilton children's books.  I haven't actually read any of these books but I'm really intrigued.  I asked an 8 year old relative what books she's into these days and she mentioned these ones.  There are a lot of them! They're based out of Italy and have been published in 35 languages... 

This is super inspiring because after writing my first list of favourite things I also wrote my first "monkey story" : "The Story of the Monkey with the Banappleloupes".  which I've been editing down to be more kid-friendly and earn parental approval.  Suddenly I have ideas for many more "monkey stories" featuring purposefully gender-neutral monkeys and hopefully promoting things such as sharing and environmentalism in a subtle, entertaining way.

Judging by the lack of 'art' on my blog lately you can see I've been taking a break from my clay studio.  Partly because my glaze shed is all frozen up and partly because of economic issues that will be addressed 2 monkey stories from now: "The Story of the Monkeys who liked to make Banappleloupeholders and the Monkeys with Banappleloupeholder Stores".  But before I write that one I'll be posting "The Tale of Two Monkeys Who Wanted to buy all of the Trees in the Forest" which will be about 2 monkeys that get into real estate investing, but with different objectives.

For now "monkey stories" seem to be a very low-cost quick way for me to scratch my creative itch while using some of my animal behaviour/conservation biologist background.  And it doesn't dry my hands out like clay does.  We'll see what happens!

Eventually I'd like to add illustrations to the posts with "mokey stories", and maybe even record my 80 year old artist friend Helen Opie reading them aloud if I can get her to agree, she has such a nice voice for that sort of thing I think!






Monday, February 10, 2014

The Story of the Monkey with the Banappelopes

Once upon a time, there was a monkey who decided to move to a new forest.  This monkey felt that it had to move because the forest where it was born was burned down to raise cattle for a fast food chain.

So this monkey moved far away, to a forest that looked a lot like the forest where it used to live.

This monkey brought with it a delicious fruit from its old forest, to share with Other Monkeys.  As part of the settlement for its forest being burned down, the monkey was given a whole case of banappelopes!  So the monkey wouldn't need to worry about finding a job in the forest it was moving to, as it would have plenty of food for the first while at least.

Unfortunately none of this monkey's friends or family wanted to come along to this new forest; they all got jobs working for the company that cleared the forest where it came from. 

For the rest of the story, let's call this monkey the New Monkey. 

The New Monkey was super excited when it arrived at its awesome new forest.

 "Wow" thought the New Monkey, "this sure looks a lot like my forest looked before my forest got burned down to raise cattle for a fast food chain!"

So the very first thing that the New Monkey did when it arrived in this awesome forest was to walk up to a group of Other Monkeys.  

The New Monkey was excited!

The New Monkey was so excited that it started thumping its chest and saying things like "OOOK OOOK EEEK ACCCKK AAACCKK!!! LOOK at this delicious fruit!!!!  It's a banappleloupe! You ALL NEED to eat it, it is the BEST!!! ACCK ACCK IT IS IMPORTANT!!!  LET'S ALL GROW BANAPPLELOUPE TREES SO YOUR FOREST DOESN'T END UP LIKE MINE!!!"  

The New Monkey was so excited it was shouting at the Other Monkeys! It was shouting, jumping up and down, pointing at its banappelope, and thumping its chest!

The Other Monkeys looked at the New Monkey and turned their backs.  

"Buzz off, monkey,"  piped up the leader of this particular group of monkeys.  "I've got kids to feed and a job to go to, I have no time to try out your banappelope.  I'm not interested." 

Some of the Other Monkeys were actually mildly interested in what the New Monkey was going on about.  But they decided that if most of the monkeys they knew were not interested in the newcomer, especially their leader, then it was best to stick with the troop. So they kept their mouths shut.

The New Monkey felt hurt at first.  But then it went for a walk in the forest to calm itself down.  

A little bird came up to the New Monkey and chirped gently into its ear.  

The little bird explained, "Of course these Other Monkeys are going to be suspicious of a New Monkey's motives.  After all, they've all been getting along just fine without you or your banappelopes.   They haven't seen what happened to your forest.  Their forest is fine. They probably just figure that you want one of their jobs.  There aren't a lot of jobs in this forest, you know!"

The New Monkey listened to the little bird, until it understood and felt better.  Then it quietly said to the Other Monkeys "Hey guys, I'll be other there", pointing off into the forest.

And then it left them alone.

The New Monkey went off to sit quietly off to the side of the forest, away from the Other Monkeys, to enjoy its banappelopes.  It saved a few seeds, and planted a few trees for itself, to make sure it would never need to take a job away from one of the Other Monkeys.

After a short while, The New Monkey learned to quit caring what the Other Monkeys thought.  Soon the New Monkey was too busy enjoying its banappelopes, and all of the beautiful sights, sounds and smells of its new forest home to give any thought to what the Other Monkeys were even up to.  

The little bird was very nice.  It kept coming back to check on the New Monkey.  The little bird kept the New Monkey company once in a while, and the New Monkey didn't feel lonely at all.

Eventually some of the Other Monkeys started thinking, "Huh, that New Monkey looks awfully happy.  And it is always eating banappelopes!  Maybe we should go see what banappelopes are all about."

The New Monkey was pleasantly surprised to be approached by a few of the Other Monkeys.

"Oh, you wanna try some banappelope?" said the New Monkey,  "Here you go." 

The New monkey busted up a ripe, juicy banappelope for all of the monkeys to share.

"How much do you want for this?" asked one of the Other Monkeys, suspiciously, as it took a chunk.

"Oh I don't want anything for it, I have plenty to share".  Said the New Monkey.  The New Monkey was so happy that the Other Monkeys had come to visit that it smiled a very big smile!





As it turned out, a few of the Other Monkeys did like banappelopes very much!

So much so that eventually those monkeys got together and thought, hmmm, these are actually really good, now that more of us are eating them, how can we grow more?  

One of the Other Monkeys said "I know!".   

"I know where there's a bare spot in the forest!  We could all rehabilitate it by pooping on it and plant a few banappelope trees!" 

And that is what they did!  The plan worked out wonderfully.  The trees grew big and tall, fertilized by all of the monkeys' poop!

In time, all of the monkeys had as many banappelopes as they could eat, and soon the Other Monkeys could afford to spend less time at their jobs.  Some of the Other Monkeys, who didn't need much to live on, even became able to quit jobs that they didn't like!

The New Monkey cautioned the Other monkeys, though.  It cautioned them not to go chopping down the rest of the forest to grow banappelopes, because not everyone likes banappelopes.   

"Let's just try to get along, the monkeys who like banappelopes and the monkeys who don't." said the New Monkey.

Eventually the monkeys who loved banappelopes, and the monkeys who didn't care for banappelopes, were able to all work together.   By pooping on bare patches of forest, and planting more banappelope trees, the monkeys made their forest very profitable.  In time their forest became even more profitable than it would have been if it was cleared for cattle.  

So the forest where they all lived was never cleared to raise cattle for a fast food chain, like New Monkey's former home.  

Eventually the monkeys got televisions and so they could watch MNN (Monkey Network News).  The monkeys would all sit in a tree together and watch stories from the New Monkey's former home, as well as stories about other forests that had been cleared to raised cattle for fast food chains.

All of the monkeys realized how lucky they were to have a beautiful forest and lots of food share, and they all lived happily ever after:

The End.

Sunday, February 9, 2014

This Week's Favourite Things! Feb 3rd - 9th, 2014

I'm tired of blogging about Crombie REIT and downtown Halifax!

So I've decided to try something new! 

I've realized today that just because I'm not Oprah doesn't mean I can't have my own lists of favourite things.  Here are a few things that I have absolutely loved over the last couple of days:

1. Abraham-Hicks, Upstream or Downstream?  I watched a bunch of Abraham-Hicks things awhile back, but got inspired to look for this because I was thinking about a lyric in Jason Webley's song, "Ways to Love".  

The lyric is: our mother made us into swimmers, she threw her babes into this river and well, if you want to hear more, go to his website and buy the album it is fantastic!

Abraham-Hicks is not without its critics, but the message in this video is exactly what I needed to hear today:




2.  I also love this story/song/video of Steve Poltz's.  Love, love, love... watched this at least 5 times over the weekend.  I thought to look this up because Hawksley Workman started writing a song on twitter and it reminded me of this:





3.  This song by Arcade Fire!

Lyrics first, then the video:

AntiChrist Television Blues

"Don't want to work in a building downtown
No, I don't want to work in a building downtown
I don't know what I'm going to do
Because the planes keep crashing always two by two
Don't want to work in a building downtown
No, I don't want to see it when the planes hit the ground

Don't want to work in a building downtown
Don't want to work in a building downtown
Parking the cars in the underground
The voices when they scream, well, they make no sound
Want to see the cities rust
And the troublemakers riding on the back of the bus

Dear God, I'm a good Christian man
I'm your boy, I know you understand
That you got to work hard and you got to get paid
The girl's thirteen, but she don't act her age
She can sing like a bird in cage
Oh Lord, if you could see her when she's up on that stage

You know that I'm a God-fearing man
You know that I'm a God-fearing man
I just got to know if it's part of your plan
To see my darling stand by your right hand
I know that you'll do what's right, Lord
For they are the lanterns and you are the light

Now I'm overcome
By the light of day
My lips are near
But my heart is far away
Tell me what to say
I'll be your mouthpiece

Into the light of a bridge that burns
As I drive through the city with the money that I earn
To the dark of a starless sky
I won't stare into nothing and I'm asking you why
Lord, let me make her a star
So the world can see who you really are

Little girl, you're old enough to understand
You'll always be a stranger in a strange, strange land
Men are going to come while you're fast asleep
So you better just stay close and hold onto me
If mama's mockingbird don't sing well,
Then daddy won't buy her no diamond ring

Dear God, would you send me a child?
Oh God, would you send me a child?
Because I want to put it up on the TV screen
So the world can see what your true word means
Lord, won't you send me a sign?
Because I just got to know if I'm wasting my time

Now I'm overcome
By the light of day
My lips are near
But my heart is far away
But now the war is won
How come nothing tastes good?

Oh you're such a sensitive child
You know you're such a sensitive child
I know you're tired, but it's all right
I just needed you to sing for me tonight
You're going to have your day in the sun
You know God loves the sensitive ones

Oh, my little bird in a cage
Oh, my little bird in a cage
I need you to get up for me up on that stage
Show all the men that you're old for your age
Now in the times of fear
But if you don't take it, it'll disappear

Oh, my little mockingbird, sing
Oh, my little mockingbird, sing
I need you to get up on the stage for me, honey
Show the men it's not about the money
Want to hold a mirror up to the world
So that they can see themselves inside my little girl

Do you know where I was at your age?
Any idea where I was at your age?
I was working downtown for the minimum wage!
And I couldn't let you just throw it all away
Throw me a kid, God, throw me a knife
So tell me Lord, am I the Antichrist?"

I think everyone has songs at different times that resonate with them so well they have to just keep hitting 'previous track' on the cd player.  (Yes I still listen to cds :)  Today, this was that song for me:




4.   Banappelopes.   Ok. I made this last thing up.  You scrolled down this far? Hello!  

I learned a lot this week, in getting all riled up about the story of Ray and Crombie REIT and my last 4 blog posts.   

I learned that I need to read some Dian Fossey and Jane Goodall  and brush up on my primate behaviour.  You see, this week I've realized I'm a primate from a different group.   

 So I've come up with a story: "The Story of the Monkey with the Banappelopes".  I've since moved it to its own blog post. (Feb 10, 2014).

OOOK OOOK EEEK ACCK ACCK!!


Thursday, February 6, 2014

A Proposal that Could Benefit Both Crombie REIT and Halifax.

This is the fourth post that was inspired by the eviction of 2 small businesses from Scotia Square Mall in Halifax.  Scotia Square mall is owned by Crombie REIT, so this is a follow up to the letter I wrote about them on Feb. 2nd.

This story alarmed me as I think it is a symptom of a larger problem plaguing cities across Canada.

In looking for more information about Crombie REIT I found this article in the Herald which points out that Crombie soon plans on selling Park Lane Mall, located in downtown Halifax.

Aha, perhaps here is an opportunity to turn what at the onset was a sad, frustrating story into a happy one.

Perhaps here is an opportunity to test the whole idea that an Ethical REIT could be created which would lower rents for small businesses in the Halifax Regional Municipality (HRM). 

I don't know Park Lane Mall well at all, and don't know about the units that are currently vacant, though there appear to be quite a few:  http://www.crombiereit.ca/PDF/factsheet_24.pdf.  

My guess is there are many small business owners in the HRM currently paying high rent who would jump at the chance to have a stable, long term location that would hopefully be more reasonably priced.  Maybe a few small business owners with complementary skill sets would see the opportunity to merge together into larger businesses that could be more robust, or even just share one rental space.  

Maybe there are owners of venues of locally made-products who could come together and share their skills and resources for the great benefit of the makers of this province.  Cheaper rent = lower overhead = lower consignment rate = more $$ in local makers' wallets and more opportunity for the public to afford to buy local.

Maybe Mike Savage, the Mayor of Halifax would see the value of this project and assist it by ensuring the property taxes are reasonable, to help reduce overhead.  Before other business people think, "woah!" bear in mind all the government handouts that have been given to other businesses in this province.

Maybe the local media would promote the project so well that tradespeople would give good prices for necessary renovations in return for the positive press.  

Maybe Park Lane Mall would present an opportunity to build community downtown.  Maybe it could turn into a friendly gathering place where more senior members of our community could share their expertise in all sorts of business skills with younger entrepeneurs; to ensure that their businesses make sense and thrive.  Can we not see how this could benefit the entire province?   Maybe, over time, it could become an oasis for residents and visitors committed to buying local, and a sort of "Noah's Ark" for small businesses.

This project wouldn't have to deliver a large salary to a CEO, or worry about growing revenues for investors and maintaining a 15% return.  It would produce a return though.  A fair, sustainable return that would be guaranteed by the equity in the building and the collection of monthly rents.  This equity would increase as any mortgage was paid down by rent, and hopefully via appreciation of the mall.  Perhaps the building, or parts of it, could be turned into commercial condos which the more established businesses could buy from the REIT, or rent-to-own.

I'm not talking about a free ride for businesses, or charity.  I'm just talking about reasonable rent, and a fighting chance to make a decent living as a local, small business owner.   It would also be an opportunity to create something interesting for Halifax, that wasn't just a pile of foreign-owned chains. But imagine if this mall turned into the reverse of Scotia Square, and instead of given the boot, small business was given a break.  Existing "chain" tenants would still pay fair market rent, this would shore up the income needed to run the place, while providing opportunities for our local businesses. 


Maybe CEED would like this idea, after all, they assist entrepreneurs; where are these entrepreneurs supposed to set up shop?  It has occurred to me that commercial rents in Halifax may be on par with those seen in other Canadian cities which might have a much larger population.

Maybe Mr. Clow, CEO of Crombie REIT would see the opportunity to rebound from a public relations disaster by agreeing to sell Park Lane Mall at a fair price, or even as a rent-to-own arrangement.  Maybe Crombie executives would lend their expertise in the financial realm to ensure the project would be a success.  One thing I've noticed is that super creative artsy types often aren't very good at 'money math'.  Maybe the Sobey's family would bring snacks to the grand re-opening, seeing as Crombie REIT originated via Sobey's.

Maybe given actions we've seen by Crombie REIT to date, the above paragraph is far fetched, but it is fun to dream.

Now, I think, this idea needs to be thoroughly dissected and critiqued:

I don't buy that Crombie REIT would be dumping Park Lane Mall if it was actually an awesome investment.  If it was, I think it would make more sense to keep it; that would be a lot of equity building up from all those rents.  

Given Crombie's actions with its other properties I'm pretty critical of what they say.  To quote the article about Park Lane's sale:

“Our rationale for the sale is that, despite it being in a strong urban market like Halifax, it is a non-core asset in our growing national retail and office portfolio and, as such, presents an opportunity for us to recycle capital into accretive development and growth,” Clow said.  

I wonder if the plain English translation for this is something like "This property doesn't support giant executive pay hikes while providing big returns to our investors so we've decided to dump it".

My guess is that the operating costs are high and tenants able to pay the rent are hard to find (some of the spaces for lease are quite large).  

The "anchor" tenant for Park Lane is a movie theatre that was just taken over by Cineplex.  Now there's a risky business these days, now that so many people have giant televisions and home, and accounts for things like Netflix.  

Plus going to the movies is expensive, so many other expenses are going up (like rent, mortgages, property taxes, gas, utility bills and groceries) so the "let's go to the movies" budget, a former popular pastime for the middle-class, isn't as possible anymore for many people.  The gap between the rich and poor is widening.  When have you ever seen the "super rich" taking in a movie?  And people living cheque to cheque would probably be more likely to stay home and watch something.

At the same time, to critique this critique, a pile of creative types might find an awesome way to revise that theatre if the anchor tenant ever pulls out.  Think about the potential for taking in films while munching out on locally made treats.  Think about bringing back things like "Rocky Horror Picture Show".  Now there's a movie going experience you can't replicate on your big screen at home with Netflix.   Think about hosting lectures.  Here's one article I found on redesigning theatres, and I only spent a few minutes looking into it.  

Maybe downtown Halifax could use a supercool "revival house" or "repertory cinema" like bigger cities have, where university students could unwind by taking in classic movies on the cheap.  Foreign films, in particular, are more fun to watch on a big screen as they make subtitles easier to read.

I have no idea about how Park Lane is heated or where if it has any design features that would enable the use of Solar.   So I have no idea if the building can be "greened up".  Maybe it can, maybe it can't.  These are more things to look into.

Anyways, this is a much happier thing for me to imagine than a future where REITs spin out of control and we're left with a Halifax with only big chains to eat and shop at, and overpriced commercial units sitting vacant because nobody has a hope in hell of selling enough stuff to keep them rented, let alone pay for living expenses and staff. 

In previous post called The Nova Scotia Pottery Emergency, I describe an idea for a big consignment store that would sell Nova-Scotian made products at a low consignment rate.  I called it my 80/20 vision, I've had it for awhile. It would be a sort of anti-Walmart.  Maybe this store concept could evolve, and become an anchor tenant.

What ever happens, as ruffled as I was about the story of Ray's and Taste of India getting the boot, it was so nice to see how so many people picked up for these small business owners.  It indicates that there are people in Halifax long for community and a diversity of interesting small businesses.

Whether somehow procuring Park Lane for the sake of protecting habitat for local entrepreneurs would make financial sense and be a good idea or not, I have no clue.  My only fear would be that the transaction would be born in positive intention, but end in mismanagement, corruption and greed, like the story Animal Farm by George Orwell.  Perhaps were it to go ahead, all involved in the project could all meet regularly to watch the Animal Farm cartoon together in the mall's theatre.





Perhaps there would need to be a conservation biology-style "management plan" for the mall, in an attempt to conserve the integrity of the vision and corruption-proof the project.  Perhaps the mall would need to have a legal 'conservation covenant' attached to its title, as land trusts do for conservation properties.

Maybe now that so many people shop online, buying a shopping mall is a crazy investment.  Maybe Park Lane Mall will be for sale for years.   Who knows.  Or maybe out of commitment to their unit holders Crombie REIT will feel obliged to hold out and sell this property for some big price that would render the project impractical.

In any case, it is something to think about!

***

Feb 8 - I sent the above post around to a couple of people to "pre-test it' before sharing on #downtownhalifaximin .  Someone pointed out that this mall's value is around 50 million, which would be hard to raise compared to what the Seaport Market cost.  

I don't know much about the financials of that project, but unlike Seaport Market, Park Lane already has some established tenants that I'm guessing are paying high rent.  Park Lane also has much more lease-able space.

I realized what I didn't point out is that most real estate investments are leveraged, meaning, that people or companies with lots of equity can end up using the bank's money to buy more buildings without having to physically raise the cash themselves through working and saving. 

Leverage can either make you a lot of money, and it can also lose you a lot of money.  Here's an article about how it works. 

Perhaps this would be something that CEED could get a mortgage for, or, indeed investors would feel comfortable pitching some money into a REIT for a downpayment.  The deal here is, I think, the REIT would have to be set up by an actual investment company.  Maybe Crombie REIT could help in this since, from a financial standpoint, they are good at making money for their investors.  With Crombie REIT's vast amount of assets maybe they would be ok with financing the sale of the mall as a rent-to-own, at a reasonable interest rate, for a fair price.  Maybe this would be the most efficient way for help, if residents of Halifax agreed that it was a good idea.  Maybe it would be an opportunity for Crombie to really give back to the community and exchange bad publicity for good publicity.

Here are some numbers I came up as a really quick study:

If the mall is worth 50 million, that translates into a mortage payment of 260k/month if the entire purchase price was financed at 4%, amoritized over 25 years.  This scenario would mean zero cash would have to be raised (no money down! no fundraising campaign!).

Divide 260k/month by the leasable square footage of the building from the fact sheet: it is 164k sqft.  That works out to $1.6 per square foot.  so $1600/month for a 1000 square foot space in park lane mall, mortgage cost.

Then there are expenses: taxes, insurance, utilities, maintenance, repairs, upgrades, cleaning, a salary for a leasing agent.  Accounting and bookkeeping costs.  Then the whole financial part of it.  This would be a giant project that would take many supporters so I would hope there would be a volunteer board representing both business-types and creative-types.

I have no idea what expenses would come to, but to be quick about this, I'll double it.  Hopefully this would be generous. so add another $1.6 per square foot.  Now the total is  $3.2 per square foot, or  $3200/month for 1000 sqft of space.    is still way better than the 5k/month ray is paying for a little stall at Scotia Square.  I'm not sure what are rents downtown... $20/sqft I think?  or more?  Perhaps here is an opportunity to develop an awesome, funky international food court.  Maybe businesses that are currently renting space at Scotia Square would follow Ray's over and relocate to Park Lane. 

I'll point out here, though, that I think the Park Lane location might not be as ideal as the Scotia Square location in terms of proximity to lunching office workers leaving their cubicles for a snack.

REITs usually have to factor in cost of vacancies, and damage/repair incurred by tenants, but I still think that were rents to be ratcheted down a building could operate efficiently at 100% occupancy.

I think people may not realize that banks make it super hard for normal people to buy their first home, but they make it very easy for companies to acquire many properties. 

Maybe there needs to be more education among right-brained creatives as to the nature of finance and money math.  Maybe this why so many left-brained (math) types seem to be good with their money, and so many right-brained (artsy) types end up working for and renting from the left-brainers, and going broke.  

Maybe we need to literally have a "meeting of the minds".  Left-brainers, how about finding a right-brainer who is working for you or renting from you to explain finance to.  Right-brainers, maybe we need to be engaging the left-brain set more with community music, art, and dance.  I think people used to come together more to do these things.

Anyhow I'm running out of steam in terms of blogging about this topic, and looking forward to presenting this for #downtownimin   

The truth is I don't even live in Halifax anymore, so I have no attachment to this idea one way or another, even if it does make sense.  Maybe it will help, maybe it won't.  Who knows.

 In any case, I do think everyone wants the same thing for Nova Scotia: a healthy economy.  And I think to get there, there needs to be more dialogue between the younger creative types and the older money-managing types.  Maybe this could be a start!








 

Wednesday, February 5, 2014

How Now, Mr. Clow? (More About Crombie REIT)

Note: Since writing this post it has occurred to me that the Star Wars story is actually a good metaphor for what is happening here.  Darth Vader is Luke's father.  We're all connected.  We all have a "force" and the ability to choose how to use it.  My next post is a follows up on some of the ideas in this one, and proposes a solution: "A Proposal That Could Benefit Both Crombie REIT and Halifax". 

For youngsters reading this, the title of this post is a play on the phrase "How Now, Brown Cow?"

This post builds on my last post: The Letter I Wrote Today About Crombie REIT

I wrote the last post in order to express my concern over how Crombie REIT has been treating its tenants.  Crombie REIT tenants include small business owners that have been faithfully paying rent to this company in return for what they thought was a long term place to make a life for themselves.


My original post now has links to a petition, a CBC NS video interview with Ray and a few other news stories that have been published since.

The information in these stories compelled me to write another letter.  Here it is:

****

Dear members of the media, investment community and government;

Further to my last letter, I'd like to express a few concerns with information in a follow-up  article that was published in The Herald on February 4th:

Statements by Mr. Clow in this article contradict a CBC NS interview, with regards to tenants having been offered to stay at Scotia Square with long term leases and participate in the Scotia Square expansion.  The wording of this implies that this was on the table since last June, which is opposite to what Ray says in his interview.

 So I'm just curious what exactly is the truth?

To quote the most recent Herald article:

"Clow said the projects show Crombie’s commitment to downtown Halifax."

I don't understand, if Crombie is committed to downtown Halifax and working with these restaurants, why did the heartless eviction occur in the first place?  Is Mr. Clow being genuine, or is he just doing damage control for his shareholders?


Further in the article comes this statement:

"Crombie is in a difficult business where margins are tight, and like any business, if it can make more money by implementing changes at its properties, then it is obligated to do so for its unitholders."

Ok.  Then my next question is, if this is the case, then how can Mr. Clow justify the giant pay-bump he received in 2012 which saw his salary increase to $1,436,000 from $1,008,000 in 2011, and $833,900 in 2010. 

This salary information is outlined in this April 3rd, 2013 article, also in the Chronicle Herald: 

Wait, it gets better.

Further in the Herald article from Feb 4, 2014:

"The leasing specialists, who asked not to be named, suggested that many of those who support the small operators probably don’t eat there often enough.

Although there is opposition to fast-food chains moving in, one expert said the reality is that those operations are profitable and help to draw others to the food court, with a greater payoff for the landlord."

I am sorry everyone, but the conclusions that I'm drawing from the actions of Crombie REIT are:

1. that it is justifiable to hand out 42% salary increases to executives, while doubling their tenants rent by more than 100% in the case of a Taste of India (whose rent increased from $3000 to $7000).  

2. It is justifiable to hand out these big salary increases, and at the same time imply that Ray's and Taste of India's customers are the ones to blame for not being more supportive.  Does this not contradict the fact that there is a huge public outcry in the first place?

3.  Crombie REIT needs more profits for its shareholders! So in order to do that, people like Ray and Taste of India, who are probably the ones who are actually operating on a tight margin, should be replaced with large American owned chains that can feed the visitors and workers at Scotia Square Mall high-profit low-nutrient food.

I think it is worth noting that according to this letter to Empire Co. Shareholders, Empire Co owns 42.8% of Crombie REIT.  

This letter and other articles on line indicate that Empire and Crombie REIT have been performing great for investors.

But at what cost to people like Ray?  It is disheartening to me that this article indicates Mr Clow is fine with taking longer, higher interest terms on mortgages and sleeping great at night.   In contrast,  this  CBC NS article about the online backlash indicates that Ray has barely been able to sleep since he was given notice to leave. 

I wish that Mr. Clow and other executives would take the time to actually read all of the comments posted by readers on all of the media articles and petitions that have been published to date. 

I wish everyone in Canada would take the time to read these articles and the comments, Crombie REIT has apparently been doing this to other small businesses all over.

I think if everyone were to do so we would realize that it is time for Crombie REIT to either make fundamental changes to its ethics, or to be deflated via investors pulling out their investments, and tenants finding other landlords.

If neither of these things happen, I wish that the Halifax Regional Municipality (HRM) would consider the expropriation of Scotia Square Mall.   This may sound ludicrous, but if HRM can expropriate property to build roads, why can't they expropriate a Mall to serve the best interests of its taxpayers?

Sincerely,

Susan Paczek

PS - Star wars fans, it seems that we now have an actual Empire to fight... [edit Feb 9th - I mean we have an Empire to communicate things to in a rational manner, I'm beginning to think that "fighting" is pointless, see my post on Feb 9th, favourite thing #1]











Sunday, February 2, 2014

The Letter I Wrote Today About Crombie REIT

Please note that as of Feb 5th I've since published a follow up post this post: How Now, Mr. Clow?

**

Well, the stories in my last post got me thinking a lot.  

Today I decided to write a letter clarifying my thoughts and send it off to a bunch of people.  I figure I'd better post this letter on my blog.  I also wrote a preamble, which I've since moved to the end of this post, explaining why I wrote this up.

Here is the letter:
****

Dear members of the media, investment community and government;.


I think it is time that as Canadians we open our eyes and recognize the possibility that Real Estate Investment Trusts such as Crombie REIT are potentially damaging the Canadian economy. 


Please review 2 recent Halifax news articles:


The first was in Halifax’s Coast Magazine:


   
And here is the article in the Halifax Herald, Canada’s only remaining family-owned daily:



Scroll through all the comments and it is evident that the local community, especially readers of the Coast, are understandably outraged by the mistreatment of these small business owners.  Sure, some people have mentioned, no worries they can move someplace else.  But where are they supposed to move to?  How far can their regular Scotia Square customers walk during their lunch breaks?  Please check out the large list of properties that Crombie REIT now owns and manages not just in downtown Halifax but across Canada:




At first glance, maybe this just appears to be a story about 2 small businesses getting ousted in favour of what is best for a company’s goals and profits.  But is there a bigger picture here?  Can we "connect the dots"?  CBC's Doczone recently aired “The Condo Game”




which highlights many issues with the Condo boom in Toronto.  My understanding is that projects such as these are often backed by REITs. 


Here’s another dot to connect:  Doczone also aired “Generation Jobless”




This episode highlights the lack of opportunities now available for millennials.   


Can we not recognize that if the boomer parents of millennials are mindlessly shoveling their retirement dollars into investment vehicles such as Crombie REIT, they are in effect creating the very economic conditions that are robbing their offspring of opportunities?  I am talking about outrageous commercial rents, the disappearance of affordable housing, and an economic landscape that becomes increasingly devoid of small businesses and overrun with large chains.   

 So many young people would love to take a run at owning their own business, but where is their chance to succeed if REITs like Crombie keep ratcheting up the rents in city centres in order to make money for their investors?


If I understand correctly, Crombie REIT is a child of parent companies Sobey’s Inc. and Empire Co Ltd.   

The Sobey’s website has a section boasting its social responsibility which describes how it serves its communities.  

 Isn’t Ray, owner for 31 years and Scotia Square Mall Tenant, part of the downtown Halifax community? How is Ray being served, or rewarded for the positive impact his business has made on his customers?


I am hopeful that the humans in charge of Sobey’s and Crombie REIT truly do care about community and can recognize the power that their corporations wield.  

I hope they choose to use this power to promote community health and not obliterate it.  

I hope that the media coverage of this story will help them to recognize the error of their ways, and to take the opportunity to right a bad decision.  

I hope Ray and Taste of India get an apology and are allowed to stay.  Because as a society, if we all stand idly by while this sort of thing happens I’m afraid that we’re going to find ourselves living in a country where REITs own entire downtown cores, and the only jobs available for young people are with chains such as the Subway restaurant that Crombie REIT plans to replace these small businesses with.


Investors: is there not an opportunity here to create an “Ethical REIT” that would use real estate investment not as a mere cash cow but a tool of social change? 

Modest, sustainable profits could still be realized for your investors while downtown cores of our cities could be re-imagined in ways that would help small business owners flourish while promoting creativity and community health.   

This imaginary REIT would be committed to providing more affordable rents for both businesses and residents, as well as providing rent to own opportunities and mentorship. 


Reduction in gross rents might sound off-putting at first to some, but this could be mitigated by a lack of vacancies and reduced repair costs.  Conscious investors would be relieved to have a place with excellent ethics to park their cash.   Local governments could fast-track development proposals from this REIT.  People would seek to rent homes or commercial space from this REIT.  Tenants in return would, hopefully, respect this REIT and not break leases without notice or damage property.    

With lower rents business owners might have a better shot at staying in business, making a decent living, and creating decent jobs for employees.  This could in turn strengthen the economy as a whole and reverse the trend in the destruction of our middle class.   The Landlord/Tenant relationship doesn’t need to be one of domination and control, it can be a symbiotic one where each side recognizes and appreciates what they receive from the other.  


Why must we sacrifice long-term community health for short term profits? If we keep going with our current model of unbridled REITs swallowing up cities and ousting or extorting small businesses in the name of profit, who wins in the end? And can we not see how short sighted this is?


Sincerely,


Susan Paczek

***********

 change.org petition to keep Ray's and Taste of India open. 

And (as of Feb 3rd) a CBC NS interview with Ray:




Note: Feb 4th: I found this Herald article "Crombie REIT executives get major pay hikes in 2012"

Looks like working for a REIT pays pretty well!  

I would also like to know Mr. Clow reconciles the information given in the above Herald article, with this most recent Herald article about the public outcry to Crombie REIT's actions.

And here's a  recent CBC article about the online backlash. 

***

I wrote up a little preamble for this post, but I moved that to the end of my post, as this post is getting a bunch of hits.  Does that make it a "postamble"?  

anyhow...

To any recipients of my letter who might check on my blog, I figure I'd better point out a couple of things: 

1. To the taxpayers of Canada; you paid a pile of money for me to spend years in university so I could get a BSc in Animal Behaviour and an MSc. in Conservation Biology.  Lately I've taken it upon myself to try to use this training in critical thinking to try to conserve Humans.

2. To natives of Nova Scotia: yes I am a "Come From Away".  But before you choose to hold this against me, I'll ask you the same question I asked my bluenosed husband the other day.  Where exactly am I supposed to live? 

My father's village in Poland was taken over by the Russians at the start of WWII, so he and his whole family got loaded onto a train and sent off to a Siberian work camp.  So my "first family home"? Gone.  

After the war my father emigrated to Canada and built a life for him, my mom and siblings in Richmond BC.  That's where I grew up.  Have you been to Richmond BC lately?  Apparently from the air it looks like the head of a dragon in the mouth of the Fraser River, and so was selected as an auspicious place to move to around the time Hong Kong's lease came up in 1997.  It is now a big city with a population that is over 60% Chinese immigrants that has awesome night markets but over-development (in my opinion) and little affordable housing.  It is also below sea-level so I've always been a bit wary of living there long term.

My family home, built in the early 70's, has since been sold to developers, smashed down and replaced with a monster home.  The folks remaining in our small family have bugged out to Ladner which still has that Suburban-Canadian feel.  I tried being a conservation biologist in BC but found it so frustrating that I decided to leave and try something else.

I moved to Regina for awhile.  My house there burned down.  

So I've been kicked out, priced out and burned out.  

Now I'm here.  Moving to rural Nova Scotia has made me realize I've always been homesick for a home I'll never be able to visit.  I love it.  I'm staying.  And I'm committed to doing anything I can to keep this province an awesome place to live.  Because really, I have nowhere left to go! 

I really hope my letter helps the owners of Ray's and "A Taste of India" somehow, in case they also feel like they have nowhere else to go...